Costco Wholesale (NASDAQ:COST – Get an estimate) had its price target raised by Oppenheimer to $525.00 in a research note released on Friday, Stock Target Advisor reports. Oppenheimer’s target price indicates a potential upside of 10.24% from the company’s current price.
A number of other analysts also commented on the company. Tigress Financial raised its target price on Costco Wholesale from $520.00 to $678.00 in a Thursday, April 14 report. Stifel Nicolaus raised his price target on Costco Wholesale shares from $555.00 to $565.00 in a Thursday, May 5 report. Citigroup cut its price target on Costco Wholesale shares from $590.00 to $510.00 and set a “neutral” rating for the company in a Friday, May 27 research note. Credit Suisse Group lowered its price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a Friday, May 27 research note. Finally, Raymond James cut its target price on Costco Wholesale from $645.00 to $560.00 in a report released Tuesday. Five research analysts gave the stock a hold rating and twenty-two gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $570.54.
Shares of NASDAQ:COST traded at $11.36 on Friday, hitting $476.25. The company had a trading volume of 2,846,447 shares, compared to an average volume of 2,832,067. The company’s 50-day simple moving average is $529.73 and its two-hundred-day simple moving average is of $529.94. The company has a market capitalization of $211.09 billion, a price/earnings ratio of 37.50, a P/E/G ratio of 3.86 and a beta of 0.71. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt ratio of 0.32. Costco Wholesale has a 1-year minimum of $377.12 and a 1-year maximum of $612.27.
Costco Wholesale (NASDAQ:COST – Get Rating) last released quarterly earnings data on Thursday, May 26. The retailer reported EPS of $3.04 for the quarter, beating the consensus estimate of $3.03 by $0.01. The company posted revenue of $52.60 billion in the quarter, versus analyst estimates of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. Costco Wholesale’s quarterly revenue increased by 18.5% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $2.75. Equity research analysts expect Costco Wholesale to post EPS of 12.9 for the current year.
Separately, insider Daniel M. Hines sold 4,498 shares of the company in a trade on Friday, April 8. The stock was sold at an average price of $603.00, for a total value of $2,712,294.00. Following the transaction, the insider now owns 13,108 shares of the company, valued at approximately $7,904,124. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, director Kenneth D. Denman sold 250 shares of the company in a trade dated Wednesday, March 23. The shares were sold at an average price of $554.67, for a total transaction of $138,667.50. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 9,248 shares of the company valued at $5,417,137. 0.22% of the shares are held by insiders of the company.
Several large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in Costco Wholesale stock in the first quarter worth $26,000. Evolution Advisers Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $28,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Costco Wholesale stock during the fourth quarter worth approximately $30,000. Mystic Asset Management Inc. acquired a new position in Costco Wholesale stock in the fourth quarter worth approximately $40,000. Finally, Consolidated Planning Corp acquired a new stake in Costco Wholesale during Q3 worth approximately $41,000. 67.52% of the shares are held by hedge funds and other institutional investors.
Costco Wholesale Company Profile (Get a rating)
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China and Taiwan. It offers branded and private label products in a range of merchandise categories.
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